FundedVix
FundedVix
June 4, 2025 at 03:47 PM
📈 Market Rebounds: The Sensex rose by 261 points to close at 80,998.25, while the Nifty 50 ended at 24,620.20, breaking a three-day losing streak. Positive global cues and anticipation of a potential rate cut by the RBI contributed to the rally. 🏦 Banking Sector Gains: Shares of Jio Financial Services and IndusInd Bank surged by 2% each, leading the gains in the banking sector. 📊 Smallcap Index Rises: The Nifty Smallcap 100 index extended its gains for the third consecutive session, adding approximately ₹17,000 crore to market capitalization this week. 🏗️ Infrastructure Orders: Texmaco Rail secured a ₹122 crore order from Western Railway for traction transformers, while RITES Ltd emerged as the lowest bidder for a ₹28.5 crore project from Gujarat Urban Development Company. 🚆 Railway Stocks Rally: Railway-linked stocks saw significant gains, with RITES rising 6.5% and Texmaco Rail & Engineering increasing by 8%, driven by high trading volumes and positive investor sentiment. 📉 PSU Bank Stocks Under Pressure: Public sector bank stocks traded with cuts, reflecting investor concerns over the sector's performance amid economic uncertainties. 📈 India VIX Declines: The India VIX, a measure of market volatility, decreased by over 3%, indicating reduced market anxiety despite the day's losses. 💼 Nifty PSU Bank Stocks Under Pressure: Public sector bank stocks traded with cuts, reflecting investor concerns over the sector's performance amid economic uncertainties. 🌐 Global Market Concerns: Weak global cues, including escalating trade tensions and rising U.S. debt levels, contributed to the negative sentiment in Indian markets. 📊 Market Breadth Positive: Out of all traded stocks, 1,701 advanced, 2,148 declined, and 134 remained unchanged, indicating a bearish market breadth.

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